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Thread: What purpose did the tax cut for the wealthiest serve?

  1. #651
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    My theory is that greed produces an inability to acknowledge that the working class pays a much higher percentage of their total income in taxes than do millionaires and billionaires.
    no one has come close to proving that because it requires massive assumptions and cherry picking the relevant states. but what we do know objectively is that

    the top one percent pay far more of the income tax burden than their share of the income. No other group pays such a wide differential and other than those in the top 5% every other group pays a LOWER SHARE of the income tax than their share of the income

    the actual dollars paid by the rich are such that the top 5% pay more federal income taxes than the rest of the country combined and the top 10% pay more federal taxes period than the rest of the country combined.

    coveting others wealth prevents people from admitting objective facts and forces them to make stuff up



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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    what the tax the rich more crowd (ie the leftwing moderate to fringe) haven't figured out is that taxing the rich more doesn't create jobs for the middle class and certainly doesn't motivate the poor and middle class to try to make it to the top.
    That's just more of the same trickle down economics the right wing has been spreading for years that has us where we are today! You expect the working class continue to allow itself to be at the losing end of a class war being waged on us?

    Here is proof of that class war:

    22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America

    Here are just some of them ~

    "83 percent of all U.S. stocks are in the hands of 1 percent of the people.

    66% of the income growth between 2001 and 2007 went to the top 1% of all Americans.

    Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.

    For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.

    In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.

    As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.

    The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.

    Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.

    The top 1% of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago.

    More than 40% of Americans who actually are employed are now working in service jobs, which are often very low paying.

    For the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.

    Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009.

    Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years.

    Read more: 22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  3. #653
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    That's just more of the same trickle down economics the right wing has been spreading for years that has us where we are today! You expect the working class continue to allow itself to be at the losing end of a class war being waged on us?

    Here is proof of that class war:

    22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America

    Here are just some of them ~

    "83 percent of all U.S. stocks are in the hands of 1 percent of the people.

    66% of the income growth between 2001 and 2007 went to the top 1% of all Americans.

    Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.

    For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.

    In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.

    As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.

    The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.

    Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.

    The top 1% of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago.

    More than 40% of Americans who actually are employed are now working in service jobs, which are often very low paying.

    For the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.

    Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009.

    Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years.

    Read more: 22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America
    non responsive and its spam

    1) it blames globalism

    2) it has no solutions



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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    non relevant and evasive

    try again

    did they push for the bailout? are they still players in Government Motors?
    Turtledude translator -

    You busted me so will act like the threat I just claimed before was still powerful actually is, despite the proof otherwise.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  5. #655
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    non responsive and its spam

    1) it blames globalism

    2) it has no solutions
    You are so full of it! Disprove any of the statistics from Business Insider, if you can!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  6. #656
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    Turtledude translator -

    You busted me so will act like the threat I just claimed before was still powerful actually is, despite the proof otherwise.
    It is also quite noticeable that Turtle uses the word SPAM to mean "I just do not like this and it disturbs me".
    __________________________________________________ _
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    Turtledude translator -

    You busted me so will act like the threat I just claimed before was still powerful actually is, despite the proof otherwise.
    half of those don't come close to proving the premise and there are no solutions suggested



  8. #658
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by haymarket View Post
    It is also quite noticeable that Turtle uses the word SPAM to mean "I just do not like this and it disturbs me".
    I guess you missed the fact (again) that he posted the same thing on another thread



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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    half of those don't come close to proving the premise and there are no solutions suggested
    Then you should have no trouble disproving them, which you have yet to do!

    The solution is obvious we need to restore balance between the classes just as we did after the greed of the 1920s.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by presluc View Post
    What's logical is that America is a capitalist country.
    In a capitalist country corporations provide jobs so that Anmerican capitalist workers will by their products
    Illogical NO JOS , cause NO JOBS MEANS NO SALE.
    Those words put together the way you did makes no sense.

    Quote Originally Posted by haymarket
    And these all important "qualifiers" would be what exactly?
    What is the purpose of taxes? Do you know?

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